Hi Madhu Ji,
I appreciate your response. I was reading an article that stated, "The interim budget for 2019 was announced on 1 February 2019 by the interim Finance Minister Piyush Goyal. In the budget speech, Goyal announced that the gratuity limit will be increased to Rs. 30 lakh from Rs. 20 lakh. Last year, in March, the government had raised the limit for tax-free gratuity to Rs. 20 lakh in the private sector, up from Rs. 10 lakh. Following the implementation of the 7th Central Pay Commission, the upper limit for central government employees was raised to Rs. 20 lakh from Rs. 10 lakh. Employees who have completed a tenure of at least 5 years in an organization will be eligible for benefits under the Payment of Gratuity Act, 1972. However, the organization must have a workforce of at least 10 employees to qualify for these benefits."
Could you please provide clarity on this matter? In your previous post, you mentioned the limit was still Rs. 20 lakh, while the article states it as Rs. 30 lakh.
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https://www.bankbazaar.com/tax/gratuity.html)